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Income: Earned, unearned and contributed money

Income

Income is money that a business acquires that is earned, unearned and contributed. It has a credit balance in the ledger accounts when it increases and a debit balance when it decreases. Earned money is acquired for work done when selling goods and rendering services. Unearned money is acquired through …

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How to help my 7-year-old read better?

Read better

It is very concerning to see your child celebrate a 7th birthday and still cannot read fluently. At this age, a child is expected to achieve basic reading skills that is applied to many story books in attempt to read better. This foundation prepares a child for lessons in vocabulary, …

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Trial Balance: 6 important things to know

Trial Balance

The Trial Balance is the 4th step in the Accounting Cycle. It is the nail-biting moment for students of accounting. It tells you a lot about your performance thus far, and can leave you feeling frustrated or relieved when you’re done. Writing up a Trial Balance is very simple. It …

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EAR words: Learn trigraph list with homophone guide

EAR words

EAR is a trigraph as it has 3 letters with one sound. Having a word list with EAR makes learning to spell these words and their meanings easier. It is important to know that a lot of EAR words sound the same as other words with different spellings as in …

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EED words: Learn to spell with word list

EED words

EED is a rime in the English language. Words with one syllable that end with the rime EED begin with an onset made up of one consonant as in ‘feed’, or blends with two consonants as in ‘freed’. There are also words with 2 syllables with EED in the second …

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